DDD MetalWorks plans to go public in the next 2 years. In order to be listed on the New York Stock Exchange,the firm will need to restructure its present board of directors,which is made up of a majority outside independent directors to a board of directors that is dominated by insiders and related outsiders.

Question

Quizplus · Accepted Answer

This statement is false. The New York Stock Exchange requires listed companies to have a majority of independent directors on their board, not a board dominated by insiders and related outsiders.

DDD MetalWorks Plans to Go Public in the Next 2